Form 4: Paylocity Holding Corp: Director Jeffrey T. Diehl Reports Stock Sales

Director Jeffrey T. Diehl reports the sale of Paylocity Holding Corp shares held indirectly through various Adams Street funds at prices ranging from $166.53 to $168.41 on March 12, 2024.

Summary

• On March 12, 2024, Jeffrey T. Diehl, a director of Paylocity Holding Corp, reported the sale of common stock held indirectly through several Adams Street Direct Funds and Adams Street Co-Investment Fund II, L.P.
• The sales occurred at weighted average prices ranging from $166.53 to $168.41 per share.
• A total of 25,822 Restricted Stock Units (RSUs) are owned directly by Jeffrey T. Diehl.
• Diehl disclaims beneficial ownership of shares held by the Adams Street funds, except to the extent of any pecuniary interest therein.

Sentiment

Score: 5

Explanation: This is a neutral report of stock sales by a company director; it doesn't inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, depending on the overall market perception of insider transactions.

Key Dates